3AC founders to donate future earnings to creditors in spirit of 'Karma'.
Coindesk •
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Mt. Gox delays creditor repayments by another year to October 2026, citing incomplete eligibility procedures despite repaying 19,500 creditors and still holding 34,689 BTC.
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FTX will distribute $1.6B to creditors on September 30 as part of its bankruptcy process.The payout follows the exchange’s 2022 collapse, which left over $8B in customer funds missing amid fraud allegations against Sam Bankman-Fried.
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Mt. Gox delays creditor repayments by another year to October 2026, citing incomplete eligibility procedures despite repaying 19,500 creditors and still holding 34,689 BTC.
Mtgox ·
FTX will distribute $1.6B to creditors on September 30 as part of its bankruptcy process.The payout follows the exchange’s 2022 collapse, which left over $8B in customer funds missing amid fraud allegations against Sam Bankman-Fried.
𝕏/@Crypto_Briefing ·
FTX warns creditors in 49 restricted jurisdictions, including China, Russia, and much of the CIS, that their claims could be voided. A new court filing says the Recovery Trust will treat claims from countries where crypto trading is banned or local agents cannot operate as disputed. If the judge approves, a Restricted Jurisdiction Notice will go out and any claimant who cannot satisfy enhanced compliance checks risks a zero recovery. Chinese users alone represent 82 percent of the frozen claim value even though they are only 5 percent of approved claims.
The Block ·
This Friday, FTX is distributing $5b of stablecoins to creditors.
𝕏/@milesdeutscher ·
FTX Recovery Trust plans to distribute over $5 billion to creditors on May 30, 2025, a significant milestone in the repayment process, according to Plan Administrator John J. Ray III.
Prnewswire ·
Many FTX creditors have successfully received their claims after a protracted and arduous legal process.
𝕏/@sunil_trades ·